You could tell markets were anxious today because the price-action was filled with narrow ranges and fake-out breakouts…
Those annoying FOBO’s are important clues, because you can measure them and use them as key support & resistance levels for your entry set-ups…
So tonight, we’re talking about how to use “overshoots” to pinpoint the best support & resistance levels I’m watching for Thursday – are you ready?
Continue readingWe saw some incredible price-action today with lots of reliable opportunities, but as I look forward to Wednesday, I can see a challenge on the horizon – we’re trading at the major extremes…
With Gold sitting on it’s weekly low, the Emini and Crude Oil re-testing the blood-bath highs, we assume these price levels have a lot at stake for tomorrow…
Whenever I find myself trading at the extremes, I know I need to stay patient, because rookies will often get too aggressive in these locations, which gives a patient professional the opportunity to capitalize – are you ready? Let’s go…
Continue readingWe started the week with another volatile session, telling me to make small adjustments in my trade management, and gets me excited for another great week of opportunities ahead…
But with all this volatility and scary news headlines, it’s easy to lose your focus on what’s important…
The key is to “listen to the story” being told in the price-action, because the “story” provides clarity, and most importantly, it tells me exactly where to find the best set-ups for Tuesday – are you ready?
Continue readingWe’re headed into the first Friday of March tomorrow morning, which means it’s time for “Non-Farm Payrolls”, the biggest event of the month!
Looking at the charts, it’s easy to see some easy opportunities to catch traders on the wrong side of the market with “traps” – are you ready? Let’s go…
Continue readingI’m tracking a lot of great trading opportunities for tomorrow, and with lots of sideways ranges this week, my focus is trading those failed breakouts…
Continue readingMarkets got a surprise rate-cut from the FED this morning which led to a complete reversal of yesterday’s trend, and tells me to be watching for some key reversal set-ups on Wednesday…
And since we’re seeing a lot of trend reversals this month, I want to make sure you know the three patterns I trust most for trading them, let’s go…
Continue readingWe finished today’s session with strong runs into the closing bell, and it’s tempting to “chase trades” going higher, but that never ends well…
So rather than chasing the market higher, I’m waiting patiently for my most reliable entry set-ups to trade with confidence on Tuesday, are you ready?
Continue readingWe’ve seen incredible volatility this week, and with the lingering threat of this coronavirus, combined with the end of month jitters, we can certainly expect more big moves on Thursday…
And with increased volatility comes the need to choose our trades wisely, focusing on the most reliable support & resistance levels to keep us out of trouble…
What are the most reliable support & resistance levels? I call them “confluence levels”, and I’m leaning on those tomorrow morning – are you ready?
Continue readingMarkets continued to push lower today, and with such strong runs lower, the key for tomorrow is using ranges and hidden-channels for entries and exits… We’ve also seen increased volatility this week, which is typical for the end of the month, which means I need to make three small adjustments to charts, trade management, and […]
Continue readingToday’s big pre-market moves lead into range-bound markets on Tuesday, and with the bears in control, the plan is to fade the breakouts; buying low, selling high, and waiting for failures – are you ready? Let’s go…
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